Cargo theft is a rising issue for shippers across the county, especially in the food and beverage industry. In fact, it was one of the highest-targeted commodities in North America, accounting for 33% of cargo thefts in 2020,[1] with the average loss valued at $87,556. [2] Cargo theft can have a negative impact on your business, but…
What role do 3PLs play in the greater logistics industry? Logistics and transportation operations are an essential part of the supply chain process. A third-party logistics provider (known as a 3PL), is an outsourced company that helps businesses manage their logistics processes to achieve greater efficiency and reduce the costs involved with the transportation of goods. They…
Key performance indicators (KPIs) are essential to maintaining a successful logistics operations. They connect data and metrics to show if your operations perform as expected and highlight what strengths or weaknesses may exist. But deciding which logistics KPIs to track isn’t always straightforward. Many logistics organizations have different goals — whether to reduce shipping costs or improve…
The cost of fuel is hitting record-breaking numbers. The average American is paying more every time they go to the pump, and the transportation industry has also been massively impacted. Carriers are paying more to fill up their trucks and this is reflected in the fuel surcharges being applied by major freight carriers to cool…
A great deal already has been written about the impact of the pandemic, fully socializing jargon such as “new normal,” “next normal,” “unprecedented disruption,” etc. Changes in our lives, economies and supply chains are ubiquitous and well embedded now. It’s time to focus on how we innovate and optimize our businesses and operations in this…
